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Bleeding To Death…Germany’s Largest Power Company E.ON Loses Whopping $7.8 Billion…Collapse Accelerates

E.on, Germany’s largest electric power producer, announced that it had lost over 7 billion euros in the 3rd quarter, reports Germany’s flagship news magazine Spiegel here. The loss stems from the writing down of the value of coal and gas power generation assets by billions of euros due to the steep drop in wholesale electricity […]

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